IWCO Direct completes sale of Texas operations to Business Ink

Wednesday, May 19, 2010

Press release from the issuing company

Chanhassen, Minn. - IWCO Direct, a leading, U.S.-based privately held provider of direct marketing solutions, has successfully completed the sale of its Fort Worth, Texas, operations to Business Ink, Company of Austin, Texas. Terms of the deal were not disclosed. The Fort Worth facility was part of IWCO Direct's acquisition of Transcontinental Direct's U.S. operations, which was completed in April. Business Ink will offer positions to more than half of the employees, and those not offered positions will receive pay and benefit continuation through the end of June from IWCO Direct.

IWCO Direct is integrating Transcontinental Direct's U.S. assets to create a national footprint with enhanced equipment and technology offerings in California, Minnesota and Pennsylvania. The overall integration of Transcontinental Direct has progressed as planned and has been seamless to customers. IWCO Direct is retaining some Fort Worth assets including the Mail-Gard Critical Communications Recovery operation. Mail-Gard, powered by IWCO Direct, offers comprehensive data security and critical communications recovery services.

"The Texas Mail-Gard operation will be transitioned to Minnesota and expanded to support anticipated growth as an important resource for our customers," said Jim Andersen, IWCO Direct president and CEO. "The transaction with Business Ink went smoothly and we are confident Business Ink and its customers will benefit from the infrastructure and skilled staff in Fort Worth."

"We approached IWCO Direct in early April and since then we have satisfactorily completed our due diligence process to purchase the Fort Worth operations," said Jim Goodwin, executive vice president of Business Ink. "In addition to preserving jobs in the Fort Worth area, we're pleased that this new facility and our new colleagues will help us better serve our customers in this region."